Revenue segments as reported by the company.

Service

Product

Real estate services

Rentals

Mortgage

Other

Corporate overhead

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Technology & Development

Marketing

Restructuring and reorganization

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Redfin

Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Redfin surpasses revenue expectations, eyes digital growth for profitability

Redfin's Q4 2022 performance exceeded revenue expectations and showcased financial stability. The company is strategically shifting towards higher-margin revenues and focusing on digital businesses for growth.
While facing challenges such as market share loss and increased expenses, Redfin is leveraging opportunities in high-margin digital revenue and repeat customer sales. The company's emphasis on partner agents and cost control strategies bodes well for future profitability.
Overall, Redfin's hybrid model, emphasis on digital growth, and commitment to enhancing customer experience position it for positive adjusted EBITDA in 2023 and net income in 2024.

Redfin exceeds Q1 revenue expectations, focuses on regaining market share

Redfin's Q1 performance exceeded expectations, with a focus on regaining market share and improving profitability. The company faces challenges in declining revenue and fierce competition in the mortgage market. However, opportunities exist in creating demand through innovative pricing and targeting luxury buyers.

Redfin reports revenue growth and partnerships driving future profitability

Redfin's Q2 2023 performance showed revenue growth and improved margins.
While facing market share challenges, Redfin's strategic partnerships and tech investments offer growth potential.
Opportunities lie in achieving profitability, enhancing customer experience, and expanding market share.

Redfin reports resilient Q3 earnings, eyes growth through digital strategies

Redfin's Q3 2023 performance showcased resilience, profitability, and strategic capital raising amidst market challenges.
Strengths in market share gains, digital strategies, and agent recruitment initiatives position Redfin for growth.
Challenges include achieving EBITDA breakeven, managing costs, and executing expansion plans effectively.
Opportunities in market expansion, agent recruitment, and digital business growth offer avenues for future success.

Redfin reports Q4 mixed results, eyes growth in mortgages and digital margins

Redfin's Q4 performance showed mixed results with revenue growth but net loss. Strengths lie in visitor growth, AI integration, and improving mortgage attach rates. Challenges include potential rate drops and long-term housing supply issues. Opportunities exist in revenue growth, EBITDA breakeven, and mortgage business expansion.

Redfin reports robust Q2 earnings, eyes growth amid challenges

Redfin delivered a strong performance in Q2, exceeding revenue expectations and showcasing profitability improvements.
While facing challenges in margin management and recruitment, Redfin's focus on efficiency and digital transformation bodes well for the future.
Opportunities lie in expanding Rental segment growth, optimizing Redfin Next, and exploring new revenue streams.
Overall, Redfin's strategic initiatives position the company for continued success amidst market uncertainties.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Redfin Corp. engages in the management of an online real estate marketplace and provision of real estate services. It operates through the following segments: Real Estate Services, Rentals, Mortgage, Other, and Corporate Overhead. The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Although mortgage rates are inching down from their recent peak, housing affordability isn't improving much, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. With the median U.S. home-sale price up 4.5% year over year during the four weeks ending September 3 and mortgage rates remaining above 7%, the typical monthly mortgage payment is $2,612, just $18 shy of the all-time high set in May. High housing co.

Redfin Report: Prices Go Up While Demand Goes Down

Dream Finders Homes

Invitation Homes

Lennar

Opendoor

United Wholesale Mortgage

Zillow

Housing market crash fears are on the rise again. Sure, despite the big jump in interest rates, housing has stayed fairly resilient, thanks to scarce inventory.

Sell These 7 Stocks NOW Before the Next Housing Market Crash

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one of every eight (12.3%) homes that sold in San Francisco during the three months ending July 31 was purchased for less than the seller bought it for, up from 5% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's a higher share than any other major U.S. metro and is quadruple the national rate of 3%. Next came Detroit (6.9%), Chicago (6.5%), New York (5.9%) and Cleveland (5.

Redfin Reports 1 in 8 San Francisco Home Sellers Is Losing Money—the Highest Share in the Nation

Redfin reported sales and income declines that were better than expected. It delayed its target of adjusted EBITDA profitability.

Why Redfin Stock Plunged 36% in August

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Goldman Sachs Communacopia + Technology Conference Thursday, September 7, at 9:30 a.m. PT A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerag.

Redfin to Present at Goldman Sachs Communacopia + Technology Conference

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median home-sale price in Miami rose 17% from a year earlier during the four weeks ending August 27, the biggest increase the metro area has seen since October 2022. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's also the biggest increase of the 50 most populous U.S. metros, though almost all of those metros posted year-over-year price gains in August. Prices declined in just six metr.

Redfin Reports Miami Home Prices Are Up 17% From a Year Ago

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Citi's 2023 Global Technology Conference Wednesday, September 6, at 2:30 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rental.

Redfin to Present at Citi's 2023 Global Technology Conference

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Investor home purchases fell 45% from a year earlier in the second quarter, outpacing the 31% drop in overall home sales, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the biggest decline since 2008 with the exception of the quarter before, when they dropped 48%. The decline comes as this year's relatively cool housing and rental markets makes investing in homes less attractive than it was durin.

Real Estate Investors Pull Back, Buying 45% Fewer Homes Than A Year Ago

SoFi Technologies

Trade Desk

A housing market recovery could turbocharge Redfin's growth. SoFi Technologies is winning market share in the burgeoning financial services industry.

A Bull Market Is Coming: 3 Growth Stocks to Buy Before They Skyrocket

Redfin's stock performance has plummeted from all-time highs to all-time lows, with a drawdown of nearly 97%. The company's lack of profitability and declining revenues raise concerns about its survivability. Recent data shows a decline in existing home sales, further impacting Redfin's prospects. Data supported by Seeking Alpha's quant system also supports this stock as a Sell.

Redfin: How Far From The End?

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — July pending home sales rose 0.7% from a month earlier to the highest level since the start of the year on a seasonally adjusted basis, but were still only 5.4% above the low point hit in March. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pending sales fell 15.7% year over year, the smallest annual decline since last summer. Pending sales have stabilized as the shock of elevated mortgage rate.

Redfin Reports Pending Home Sales Ticked Up in July But Still Hovered Near Recent Low

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Historically high mortgage rates are cutting into buyers' budgets, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A homebuyer on a $3,000 monthly budget, for instance, can afford a $429,000 home with a 7.4% mortgage rate, roughly the daily average on August 23. That buyer has lost $71,000 in purchasing power since August 2022, when they could have bought a $500,000 home with an average rate of about 5.5.

Redfin Report: A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — More than one-quarter (25.8%) of homebuyers are looking to move to a different part of the country, a record-high share and up from 23.7% a year ago. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The portion of homebuyers looking to relocate has steadily risen since the pandemic began; the share stood at roughly 18% in 2018 and 2019. While a record share of homebuyers are looking to relocate, t.

Redfin Reports Myrtle Beach, SC Becomes Popular Homebuyer Migration Destination for First Time

D.R. Horton

Is the housing market about to crash? That question has been on the minds of many prospective homebuyers lately.

Housing Market Crash Alert: Home Sales Slump in July

Redfin reported that newly built homes are on the rise, accounting for nearly a third of single-family homes. It comes at a time when there is a severe shortage of existing homes.

New construction of homes keeping housing market 'afloat': Redfin

The housing market's remained tight this year following steep interest-rate increases.  High mortgage rates and price increases have meant fewer property listings.

The housing market is at 'rock bottom,' says Redfin's CEO, as high rates and prices take their toll

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Newly built homes made up nearly one-third (31.4%) of single-family homes on the market nationwide in the second quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest share of any second quarter on record, with new construction keeping the housing market afloat amid the severe shortage of existing homes for sale. The portion of new homes of all inventory is up from 30.3% a year ear.

New Builds Make Up One-Third of Houses on the Market, With High Rates Locking Up Existing Inventory

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The average teacher can afford just 12% of homes for sale within commuting distance of their school, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 17% last summer and 30% in 2019, before the pandemic homebuying boom drove up housing prices. Additionally, the average teacher can afford just over one-quarter (27%) of available rentals within commuting distance of their school. This is b.

The Typical Teacher Can Afford Just 12% of Homes for Sale Near Their School, Down From 30% in 2019

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical home that sold in a high-opportunity U.S. neighborhood in 2022 went for $470,000, 38.2% more than the typical home that sold in a low-opportunity neighborhood, which went for $340,000. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on an analysis of home sales in 100 of the most populous U.S. metropolitan areas. Redfin sorted each neighborhood into one of three ti.

Redfin Report: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility

Lemonade

Your stocks might occasionally post bad results, but it's important to take a closer look.

2 of My Stocks Just Posted Disappointing Earnings -- Here's What I'm Doing With Them Now

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over 8% of U.S. homes are worth $1 million or more, near June 2022's all-time high of 8.6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The share of homes worth seven figures is on the upswing after dipping to a 12-month low of 7.3% in February. That's because home prices are rising on a year-over-year basis after falling at the beginning of the year. The median U.S. home-sale price rose 3% in.

Redfin Reports Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The total worth of U.S. homes hit a record $46.8 trillion in June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This overtakes the prior all-time high of $46.6 trillion set a year earlier, as a shortage of homes for sale propped up housing values. The value of U.S. homes rose 0.4% ($166.2 billion) from a year earlier in June and 19.1% ($7.5 trillion) from two years earlier. The housing market has now.

U.S. Housing Market Recovers the Nearly $3 Trillion It Lost, Hitting Record $47 Trillion in Total Value

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While rents are just shy of their all-time high, rent growth remains sluggish. The median asking rent was up just 0.3% from a year earlier in July, compared with a 13.6% annual gain in July 2022. Rent gains cooled over the past year due to an increase.

Redfin Reports Asking Rents Are Inching Closer to Their Record High

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price rose 3% year over year during the four weeks ending August 6, the biggest increase since November. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices are rising much more in certain parts of the country, with double-digit increases in Miami and Milwaukee. Prices are increasing despite tepid homebuying demand, with some buyers still sidelined by stubbornly high.

Redfin Report: Low Demand + Lower Supply = High Prices

Wall Street analysts are debating if a bull market has officially begun yet, but it's definitely coming. A new bull market might coincide with improved economic conditions.

News for Redfin Stock (RDFN)